Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?Investors are used to receiving conflicting ideas about what to do with their money, but at the exact same minute, Marketwatch reported two different ideas for Caremark RX, Inc. (NYSE:CMX) shareholders. At 1:58 PM, Michael Baron reported that Express Scripts urges Caremark shareholders to nix CVS deal. After that, or perhaps immediately before, I don't really know, Katherine Hunt reported that CVS urges Caremark shareholders to vote for merger.
CVS Corp. (NYSE:CVS)pointed to the "conditionality and risk" inherent in Express Scripts' offer. Express Scripts (NSADAQ:ESRX) said that "If we discover additional value during due diligence, it is only logical that we could increase our offer."
I don't know about you, but these takeover battles are the most exciting part of following the market. I'll be continuing to follow this one closely.
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